SAFE arbitrage explained
Right now Safe (SAFE) trades on 8 venues we scan: 6 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1108 and the highest bid on Binance perp at $0.111.
The widest SAFE perpetual spread is between Bybit and Binance: long SAFE on Bybit at $0.1108 and short on Binance at $0.111 for +0.17% gross, or +0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SAFE route is to buy spot on KuCoin and short the perpetual on Binance: +0.03% gross, -0.17% net, with +0.030% a day of funding on the short leg.
Spot–spot SAFE arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small SAFE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: SAFE funding rates · SAFE spread charts · Safe price · arbitrage scanner for all coins.